KorAm begins roadshows

Presentations start in Singapore today (Monday) for one of the most well-regarded equity stories in Korea.

While some might question why equity partners Carlyle and Corsair would want to dilute themselves just at the point where they appear to be one the verge of selling out of KorAm Bank see accompanying article, Going, going, gone, a decision has been take to proceed with a transaction which will top up the bank's tier 1 capital.

Under the joint lead management of Goldman Sachs and Salomon Smith Barney, the bank will offer 200 million new shares...